GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Still a Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULLGet Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $579.00, but opened at $674.85. GraniteShares 2x Long MU Daily ETF shares last traded at $676.96, with a volume of 232,580 shares.

GraniteShares 2x Long MU Daily ETF Trading Up 12.8%

The business’s 50 day simple moving average is $359.88 and its 200 day simple moving average is $209.54.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Optiver Holding B.V. increased its stake in GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after buying an additional 9,784 shares in the last quarter. Group One Trading LLC purchased a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $41,000. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $1,064,000. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF in the 4th quarter worth approximately $90,000. Finally, SBI Securities Co. Ltd. grew its holdings in GraniteShares 2x Long MU Daily ETF by 493.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $32,000 after buying an additional 296 shares in the last quarter.

GraniteShares 2x Long MU Daily ETF Company Profile

(Get Free Report)

The GraniteShares 2x Long MU Daily ETF (MULL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Micron Technology Inc (ticker: MU) stock. MULL was launched on Nov 11, 2024 and is issued by GraniteShares.

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